Filipino

Philippines Department of Tourism Partners with the Global Wellness Institute to Explore Country's Thriving $41B Wellness Economy

Retrieved on: 
Tuesday, February 27, 2024

MIAMI, Feb. 27, 2024 /PRNewswire-PRWeb/ -- The Global Wellness Institute (GWI), the leading nonprofit dedicated to research and education in the global wellness industry, today announced the addition of the Philippines to its expanding Geography of Wellness platform through a strategic collaboration with the Philippines Department of Tourism (DOT). This partnership aims to explore the unique wellness landscape of the growing wellness economy in the Philippines.

Key Points: 
  • This partnership aims to explore the unique wellness landscape of the growing wellness economy in the Philippines.
  • The new GWI data reveals a thriving wellness economy in the Philippines, valued at $41 billion in 2022.
  • The new GWI data reveals a thriving wellness economy in the Philippines, valued at $41 billion in 2022.
  • "This welcomed collaboration with the Philippines Department of Tourism underscores the power of promoting wellness to enhance the nation's overall economic vitality."

Philippines International Remittance Market Sees Business and Investment Opportunities Amid Rising Transaction Values

Retrieved on: 
Monday, January 29, 2024

DUBLIN, Jan. 29, 2024 /PRNewswire/ -- The "Philippines International Remittance Market Business and Investment Opportunities - Analysis by Transaction Value & Volume, Inbound and Outbound Transfers to and from Key States, Consumer Demographics - Q2 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Jan. 29, 2024 /PRNewswire/ -- The "Philippines International Remittance Market Business and Investment Opportunities - Analysis by Transaction Value & Volume, Inbound and Outbound Transfers to and from Key States, Consumer Demographics - Q2 2023" report has been added to ResearchAndMarkets.com's offering.
  • Despite a projected slowdown in remittance inflows in 2023 due to the deceleration of economic growth in several source countries, the Philippines international remittance market shows resilience.
  • Furthermore, banking as a service platforms are collaborating with international remittance firms to introduce new remittance channels, enhancing the market's dynamism and innovation.
  • Startups in the Philippines are actively pursuing funding opportunities to carve out their niche in the competitive remittance sector.

UnionBank Selects Informatica’s AI-Powered Intelligent MDM Solution to Elevate Customer Experience in the Cloud

Retrieved on: 
Thursday, January 18, 2024

UnionBank has always been the first to embrace technological innovations including, but not limited to, cloud and AI to empower its customers.

Key Points: 
  • UnionBank has always been the first to embrace technological innovations including, but not limited to, cloud and AI to empower its customers.
  • With Informatica’s Intelligent MDM and 360 Applications powered by Informatica’s AI-powered Intelligent Data Management Cloud ™ (IDMC) platform, UnionBank is able to build an enterprise-wide 360-degree view of customers, distinguishing unique customers and their multiple relationships across the bank.
  • This allows UnionBank to exceed customer expectations and deliver highly personalized services based on a single real-time source of trusted data.
  • “The adoption of Informatica’s industry-leading MDM services, available natively on the IDMC platform, will enable UnionBank to accelerate its strategic vision by providing consistent trusted data to deliver exceptional customer experience to its customers.”

Philippines Social Commerce Sector Projected to Reach US$2.42 Billion by 2028 ? Market Report Uncovers Key Growth Trends and Dynamics

Retrieved on: 
Friday, January 26, 2024

DUBLIN, Jan. 25, 2024 /PRNewswire/ -- The "Philippines Social Commerce Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on Social Commerce Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Q2 2023 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Jan. 25, 2024 /PRNewswire/ -- The "Philippines Social Commerce Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on Social Commerce Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Q2 2023 Update" report has been added to ResearchAndMarkets.com's offering.
  • The latest market intelligence report offers an incisive look at the burgeoning social commerce industry in the Philippines, underlining its rapid growth trajectory with annual forecasts promising a significant expansion from US$0.96 billion in 2023 to an impressive US$2.42 billion by 2028.
  • This robust growth underscores the pivotal role of social commerce, with widespread implications for the ecommerce industry at large.
  • Strategies tailored to market-specific segments for maximizing growth and addressing social commerce industry trends, drivers, and risks.

Salmon Becomes a Licensed Bank in the Philippines

Retrieved on: 
Tuesday, January 9, 2024

Salmon will own 59.7% of the bank upon completion of this transaction, which will conclude in the coming weeks.

Key Points: 
  • Salmon will own 59.7% of the bank upon completion of this transaction, which will conclude in the coming weeks.
  • The bank’s license and its geographic footprint will enable Salmon to offer AI-centric consumer credit and debit products nationwide.
  • Salmon operates both in offline and online settings, differentiating itself by emphasizing stellar customer service with 92% of the company's clients saying they would recommend Salmon to friends and family.
  • Becoming a licensed bank in a major market represents a significant milestone for both Salmon and the Philippines as Salmon joins only a handful of other fintech companies operating licensed banking institutions in Southeast Asia.

Mermec: Agreement with the Philippines to enhance railway infrastructure

Retrieved on: 
Wednesday, November 29, 2023

ROME, Nov. 29, 2023 (GLOBE NEWSWIRE) -- An agreement has been reached between the Government of the Philippines and the Mermec Group to enhance the country's capabilities in the monitoring of railway infrastructure, safety, and maintenance procedures.

Key Points: 
  • ROME, Nov. 29, 2023 (GLOBE NEWSWIRE) -- An agreement has been reached between the Government of the Philippines and the Mermec Group to enhance the country's capabilities in the monitoring of railway infrastructure, safety, and maintenance procedures.
  • The agreement, which shows a commitment to invest in the country's future transport systems, includes highly specialised training programmes for Filipino technicians and engineers.
  • The agreement marks the first step in establishing a National Diagnostic Centre, a crucial element in the broader strategy to enhance the Philippines' railway infrastructure.
  • "Attention to training is a key element for the economic management of railway infrastructure.

REP Fitness Expands Global Presence with TheRack.Co in the Philippines

Retrieved on: 
Wednesday, December 20, 2023

DENVER, Dec. 20, 2023 /PRNewswire/ -- REP Fitness, a leading name in high-quality fitness equipment, proudly announces a strategic partnership with TheRack.co in the Philippines, a trusted gym equipment and lifting gear & apparel depot. This collaboration marks a significant milestone in REP Fitness' mission to make premium fitness equipment accessible to enthusiasts and professionals worldwide.

Key Points: 
  • This collaboration marks a significant milestone in REP Fitness' mission to make premium fitness equipment accessible to enthusiasts and professionals worldwide.
  • The newly formed alliance with our esteemed distributor in the Philippines represents a key step in REP Fitness' commitment to providing top-notch products to strength enthusiasts in the region.
  • The partnership aims to enhance the accessibility of REP Fitness' diverse range of equipment, catering to the growing demand for superior quality fitness gear in the Philippines.
  • "We are thrilled to announce our partnership with our new distributor in the Philippines," said Ryan McGrotty, Co-founder and CEO at REP Fitness.

REP Fitness Expands Global Presence with TheRack.Co in the Philippines

Retrieved on: 
Wednesday, December 20, 2023

DENVER, Dec. 20, 2023 /PRNewswire/ -- REP Fitness, a leading name in high-quality fitness equipment, proudly announces a strategic partnership with TheRack.co in the Philippines, a trusted gym equipment and lifting gear & apparel depot. This collaboration marks a significant milestone in REP Fitness' mission to make premium fitness equipment accessible to enthusiasts and professionals worldwide.

Key Points: 
  • This collaboration marks a significant milestone in REP Fitness' mission to make premium fitness equipment accessible to enthusiasts and professionals worldwide.
  • The newly formed alliance with our esteemed distributor in the Philippines represents a key step in REP Fitness' commitment to providing top-notch products to strength enthusiasts in the region.
  • The partnership aims to enhance the accessibility of REP Fitness' diverse range of equipment, catering to the growing demand for superior quality fitness gear in the Philippines.
  • "We are thrilled to announce our partnership with our new distributor in the Philippines," said Ryan McGrotty, Co-founder and CEO at REP Fitness.

Cloud ID™ Expands APAC Presence with ABS-CBN’s The Filipino Channel

Retrieved on: 
Monday, November 20, 2023

BUFFALO, N.Y., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Synacor recently expanded its relationship with a leading international Filipino content provider, significantly increasing the footprint of Synacor’s Cloud ID™ identity and access management platform in the Asia-Pacific (APAC) region.

Key Points: 
  • BUFFALO, N.Y., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Synacor recently expanded its relationship with a leading international Filipino content provider, significantly increasing the footprint of Synacor’s Cloud ID™ identity and access management platform in the Asia-Pacific (APAC) region.
  • Ltd. (“ABS-CBN”) is now using Synacor’s Cloud ID to authenticate cross-platform delivery of ABS-CBN’s The Filipino Channel (TFC) via StarHub in Singapore, to give verified TFC subscribers access to TV Everywhere (TVE) viewing.
  • Synacor’s expanded agreement builds on ABS-CBN and its affiliates’ existing use of Cloud ID to authenticate TFC in the United States and elsewhere in the APAC region.
  • Cloud ID streamlines the login process StarHub subscribers use to access TFC on smart TVs and devices via ABS-CBN’s iWantTFC.

Philippines Alternative Lending Business Report 2023: Market to Grow by 45.4% to Reach $488.8 Million in 2023 - Forecasts to 2027 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, November 15, 2023

Alternative lending market in Philippines is expected to grow by 45.4% on annual basis to reach US$488.8 million in 2023.

Key Points: 
  • Alternative lending market in Philippines is expected to grow by 45.4% on annual basis to reach US$488.8 million in 2023.
  • Alternative lending adoption is expected to grow steadily over the forecast period, recording a CAGR of 36.2% during 2023-2027.
  • The alternative lending market in the country will increase from US$336.0 million in 2022 to reach US$1,680.4 million by 2027.
  • This report helps in navigating the nuanced relationships between payment instruments and lending models, offering a detailed breakdown of transaction dynamics.